In an economic update today, the research house said the Malaysian economy ended 2019 on a low, with real gross domestic product (GDP) growth slowing sharply to 3.6% year-on-year (y-o-y) in 4Q19, from 4.4% in the previous quarter, its slowest quarterly y-o-y growth since 3Q09.
Embassy of the People's Republic of China in Malaysia said in a statement on Facebook today the 114 new deaths comprised 108 cases in Hubei, and one each in Hebei, Shanghai, Fujian, Shandong, Yunnan and Shaanxi.
As prosecution witness Junaith Asharab Md Shariff was deemed to have contradicted his statements in court, Justice Collin Lawrence Sequerah allowed deputy public prosecutor Gan Peng Kun to treat Junaith as hostile and to cross-examine him over discrepancies in his statement.
As such, earnings per share fell to 4.61 sen, from 5.45 sen a year ago.
This follows an earlier Heads of Agreement with SHSB’s shareholders, Prihatin Ehsan Holdings Sdn Bhd and Training Camp Aabata Sdn Bhd, for the acquisition of 90% of SHSB last October.
In a filing today, Heng Huat cited “personal matter” as the reason for Teoh’s resignation.
In a bourse filing, the group said its fourth quarter profit fell to RM59.9 million, from RM92.01 million in 4QFY18, which translates into lower earnings per share (EPS) of 8.8 sen in 4QFY19 from 13.76 sen a year prior.
The meeting had been called by the company’s current directors, who are embroiled in a boardroom tussle with Safari Alliance Sdn Bhd, which has a 11.83% stake in Tiger Synergy.
Its group managing director Tan Sri Leong Hoy Kum said 84% of its annual sale target will be derived from residential properties below RM700,000.
The plots are now separately owned by four private companies, namely Greenfingers Sdn Bhd, R&H Sdn Bhd, Bakti Perusahaan Sdn Bhd and Sri Handal Sdn Bhd.
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